Samsung, SK hynix lead Korea's W900tr chip push to turn AI demand into industrial leap
ONP Summary
President Lee Jae-myung unveiled a government and private sector investment drive targeting semiconductor manufacturing and artificial intelligence infrastructure, with Samsung and SK Hynix committing to build new production facilities in regions outside Seoul. The program aims to establish South Korea's technological leadership in chips and AI while redistributing economic development to address disparities between the capital and other regions.
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South Korea is betting nearly 900 trillion won ($583 billion) that the artificial intelligence boom will create enough demand for memory chips to justify building an entirely new semiconductor production belt outside the Seoul metropolitan area.
At Monday's presidential public briefing on the government's three megaprojects, executives from Samsung Electronics and SK hynix unveiled plans to invest nearly 900 trillion won in new semiconductor facilities, including four memory fabs in the southwes ...